CHINA: Last Night
CPI Y/Y% Chg: Prior 5.1 Est 4.4  Act 4.6
GDP Y/Y% Chg:Prior 9.6 Est 9.2  Act9.8
Ind Prod Y/Y% Chg:Prior13.3% Est 13.5% Act 13.5% For 2010, output was up 15.7% when compared to 2009.
PPI  Y/Y% Chg:Prior 6.1 Est 5.6 Act 5.9. For 2010, PPI was up 5.5%
Retail Sales Y/Y% Chg:Prior 18.7 Est 18.6 Act 19.1

United States

Weekly Jobs report

New Jobless claims Prior 441k Est 420k Act 404k

New Home Sales  Prior 4.68m Est 4.900m Act 5.28m

Philadelphia Fed Survey

                                                                                                                                  



BULLET POINTS

Prior Weeks Retail Sales were hurt by bad weather:
Goldman year-onyear same store sales of +1.4% is the weakest reading  since May.
Redbook year over year sales change: 2.5% vs 2.8% prior.

Bad weather also hurts housing starts:
Level: Prior:0.553m Est: 0.550m Act:0.529m
But Building permits were up 20%


4Q Earnings: 23 companies reported earnings today. 19 of them had earnings that were equal to or above expectations.
Earnings Results from Briefing.com

Some of the things to watch in the Week Ahead

Tuesday 01.18.11
Earnings*: Citigroup, Apple, IBM, McMoRan Exploration
Statistics: Empire Manufacturing

Wednesday 01.19.11
Earnings*: Goldman, Bank of NY
Statistics: Housing Starts
Chinese Statistics released Wednesday evening US time CPI, GDP, PPI

Thursday 01.20
Earnings*: Busiest day so far. Please refer to the Briefing.com earnings calendar for complete list.
Statistics:Philly FED

Friday 01.21.11
Earnings*:
Bank of America
GE

*Please use the links on the right to refer to complete calendars
Review of earnings reports posted so far this month